Gold Rises, Dollar Mixed

Bullion futures were on the rise, but the dollar wasn't responding much to comments by Treasury Secretary Paulson.
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Gold prices lifted Monday, while trading in the dollar was mixed.

Benchmark bullion futures were adding $8.20 at $899.70 an ounce in recent trading on the Comex division of the New York Mercantile Exchange.


SPDR Gold Trust

(GLD) - Get Report

, which holds inventories of solid gold bars, was rising 1% in recent trading on the

New York Stock Exchange


As for the precious metals patch,

Golden Star Resources

(GSS) - Get Report

was rising 4.7%, while

Barrick Gold


was up about 0.9%, both buoyed by the rising metal price.

U.S. Treasury Secretary Henry Paulson's

pledge of support

for the dollar's status as the world's reserve currency did not do much to boost the greenback in the foreign-exchange market. One euro was buying $1.5565, vs. $1.5557 on Friday. One dollar was trading for 104.26 Japanese yen down from 105.42 yen previously. The British pound was selling for $1.9656 vs. $1.9809.


CurrencyShares Euro Trust

(FXE) - Get Report

was up 0.03%, while the

CurrencyShares Japanese Yen Trust

(FXY) - Get Report

was ahead by 1.2%. The

CurrencyShares British Pound Sterling

(FXB) - Get Report

was off 1.2%.